Turkey, Egypt seek intensified economic cooperation

A recently published report by the Egyptian Chambers of Commerce Association showed that bilateral exchanges between Egypt and Turkey are weak.

A recently published report by the Egyptian Chambers of Commerce Association showed that bilateral exchanges between Egypt and Turkey are weak.

The report revealed that Egyptian exports to Turkey fell to $393 million in 2000, a 10.9 percent fall compared with the previous year. Egyptian imports from Turkey also dropped to $473 million in 2000, a 6.42 percent decrease.

In an effort to increase economic cooperation between the two countries, a Turkish business delegation is presently visiting Cairo. The delegation, which consists of 180 investors, will discuss ways to promote bilateral exchanges and joint projects between Turkey and Egypt. — (MENA Report)